Cantex Mine Development (CVE:CD) Trading 24.1% Higher – Time to Buy?

Cantex Mine Development Corp. (CVE:CDGet Free Report)’s stock price traded up 24.1% during mid-day trading on Friday . The stock traded as high as C$0.21 and last traded at C$0.18. 318,605 shares were traded during mid-day trading, an increase of 178% from the average session volume of 114,770 shares. The stock had previously closed at C$0.15.

Cantex Mine Development Price Performance

The company has a debt-to-equity ratio of 39.30, a quick ratio of 2.53 and a current ratio of 1.79. The firm has a market capitalization of C$23.60 million, a P/E ratio of -3.84 and a beta of 1.24. The company has a 50-day moving average price of C$0.12 and a 200-day moving average price of C$0.12.

Cantex Mine Development Company Profile

(Get Free Report)

Cantex Mine Development Corp. engages in acquiring, exploring, and developing mineral properties in Canada, Yemen, and the United States. The company explores gold, nickel, copper, lead, zinc, silver, manganese, cobalt, platinum, palladium, and rhodium deposits. Its primary project is the Yukon Metals Project with 1,075 claim blocks covering approximately 21,500 hectares.

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